$Circle (CRCL.US)$ Circle has received final OCC approval to establish First National Digital Currency Bank, N.A., a national trust bank operating as Circle National Trust.
This is a major U.S. regulatory milestone that strengthens USDC infrastructure through federally regulated custody, with reserve management planned as a future capability.
"Federal oversight of our trust bank sets a new standard for transparency, governance, and scalability of Circle’s infrastructure, unlocking a new phase of adoption where leading financial institutions can confidently build on public blockchains with clarity and trust."
An upgrade from a 'money transmitter' to a 'federally chartered national trust bank.'
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.Read more
Comments
to post a comment
2